According to export data from the US Department of Commerce, monthly steel exports in January 2024 increased 25.4% from December to total 699,122 mt.
A year-on-year comparison shows a 5.7% increase. In terms of value, US steel exports in January totaled $1.25 billion, compared to $1.02 billion in December and $1.23 million in January 2023.
Steel exports to Canada in January increased 36.2% to 324,454 mt, and increased 1.9% from January 2023. Exports to Mexico increased 20.9% month-on-month to 336,139 mt, which is up 11.6% from the same month a year ago.
Other top destinations for US steel exports in January include: Brazil, with 2,923 mt; India, with 2,617 mt; Belgium, with 2,592 mt; China, with 2,254 mt; and Australia, with 1,915 mt.
